Good afternoon this is Chris Berger your Hudson Valley realtor and it’s time for a Berger Point.

You know going into a closing, a lot of people don’t realize this, but once the buyer sits down to the table and is signing the mortgage, we kind of refer to as your commitment for life, when signing it.

Actually though, what happens is you do have three days of rescission.

What that exactly means as the buyer is signing for the mortgage, if they decide a day and a half later, two days, up to three days, they can cancel the mortgage and cancel the whole deal.

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